976 resultados para stock index futures


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While a few North Atlantic cod stocks are stable, none have increased and many have declined in recent years. Although overfishing is the main cause of most observed declines, this study shows that in some regions, climate by its influence on plankton may exert a strong control on cod stocks, complicating the management of this species that often assumes a constant carrying capacity. First, we investigate the likely drivers of changes in the cod stock in the North Sea by evaluating the potential relationships between climate, plankton and cod. We do this by deriving a Plankton Index that reflects the quality and quantity of plankton food available for larval cod. We show that this Plankton Index explains 46.24% of the total variance in cod recruitment and 68.89% of the variance in total cod biomass. Because the effects of climate act predominantly through plankton during the larval stage of cod development, our results indicate a pronounced sensitivity of cod stocks to climate at the warmer, southern edge of their distribution, for example in the North Sea. Our analyses also reveal for the first time, that at a large basin scale, the abundance of Calanus finmarchicus is associated with a high probability of cod occurrence, whereas the genus Pseudocalanus appears less important. Ecosystem-based fisheries management (EBFM) generally considers the effect of fishing on the ecosystem and not the effect of climate-induced changes in the ecosystem state for the living resources. These results suggest that EBFM must consider the position of a stock within its ecological niche, the direct effects of climate and the influence of climate on the trophodynamics of the ecosystem.

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Continuous Plankton Recorder data suggest that the Irminger Sea supports a major proportion of the surface-living population of the copepod Calanus finmarchicus in the northern North Atlantic, but there have been few studies of its population dynamics in the region. In this paper, we document the seasonal changes in the demographic structure of C finmarchicus in the Irminger Sea from a field programme during 2001/2002, and the associations between its developmental stages and various apparent bio-physical zones. Overwintering stages were found widely at depth (>500 m) across the Irminger Sea, and surviving females were widely distributed in the surface waters the following spring. However, recruitment of the subsequent generation was concentrated around the fringes of the Irminger Sea basin, along the edges of the Irminger and East Greenland Currents, and not in the central basin. In late summer animals were found descending back to overwintering depths in the Central Irminger Sea. The key factors dictating this pattern of recruitment appear to be (a) the general circulation regime, (b) predation on eggs in the spring, possibly by the surviving GO stock, and (c) mortality of first feeding naupliar stages in the central basin where food concentrations appear to be low throughout the year. We compared the demographic patterns in 2001/2002 with observations from the only previous major survey in 1963 and with data from the Continuous Plankton Recorder (CPR) surveys. In both previous data sets, the basic structure of GO ascent from the central basin and G1 recruitment around the fringes was a robust feature, suggesting that it is a recurrent phenomenon. The Irminger Sea is a complex mixing zone between polar and Atlantic water masses, and it has also been identified as a site of sporadic deep convection. The physical oceanographic characteristics of the region are therefore potentially sensitive to climate fluctuations. Despite this, the abundance of C finmarchicus in the region, as measured by the CPR surveys, appears not to have responded to climate factors linked to the North Atlantic Oscillation Index, in contrast with the stocks in eastern Atlantic areas. We speculate that this may because biological factors (production and mortality), rather than transport processes are the key factors affecting the population dynamics in the Irminger Sea. (c) 2007 Elsevier Ltd. All rights reserved.

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We present a unique view of mackerel (Scomber scombrus) in the North Sea based on a new time series of larvae caught by the Continuous Plankton Recorder (CPR) survey from 1948-2005, covering the period both before and after the collapse of the North Sea stock. Hydrographic backtrack modelling suggested that the effect of advection is very limited between spawning and larvae capture in the CPR survey. Using a statistical technique not previously applied to CPR data, we then generated a larval index that accounts for both catchability as well as spatial and temporal autocorrelation. The resulting time series documents the significant decrease of spawning from before 1970 to recent depleted levels. Spatial distributions of the larvae, and thus the spawning area, showed a shift from early to recent decades, suggesting that the central North Sea is no longer as important as the areas further west and south. These results provide a consistent and unique perspective on the dynamics of mackerel in this region and can potentially resolve many of the unresolved questions about this stock

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Early recruitment indices based on larval fish data from the Continuous Plankton Recorder (CPR) have the potential to inform stock assessments of Ammodytes marinus in the North Sea. We evaluate whether the CPR data are reliable for sandeel larvae. Spatially, CPR larval data were comparable with catches by dedicated larval samplers (Gulf and bongo nets) during ICES coordinated surveys in 2004 and 2009. ICES data are also used to explore environmental influences on sandeel distributions. Temporally, CPR data correlate with larval data from plankton surveys off Stonehaven (1999–2005), with sandeel 0-group trawl data at the east Fair Isle ground (since 1984), and with recruitment data (since 1983) for the Dogger Banks stock assessment area. Therefore, CPR data may provide an early recruit index of relative abundance for the Dogger Banks assessment area, where the majority of the commercial catch of A. marinus is taken, and the Wee Bankie area that is particularly important for seabird foraging. While warm conditions may stimulate the production of sandeel larvae, their natural mortality is typically greater, in the Dogger Banks and Wadden Sea areas, when the larvae are hatched in warm years and/or with abundant 1-year-old sandeel that are likely to be cannibalistic.

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The Nassau grouper, Epinephelus striatus (Bloch, 1792), is an endangered species that has been historically overexploited in numerous fisheries throughout its range in the Caribbean and tropical West Atlantic. Data relating fishery exploitation levels to stock abundance of the species are deficient, and protective regulations for the Nassau grouper are yet to be implemented in the Turks and Caicos Islands (TCI). The goal of this study was to conduct a stock assessment and evaluate the exploitation status of the Nassau grouper in the TCI. Materials and methods. Calibrated length cohort analysis was applied to published fisheries data on Nassau grouper landings in the TCI. The total lengths of Nassau groupers among the catches of spearfishers, lobster trappers, and deep sea fishers on the island of South Caicos during 2006 and 2008 were used with estimates of growth, natural mortality, and total annual landings to derive exploitation benchmarks. Results. The TCI stock experienced low to moderate fishing mortality (0.28, 0.18) and exploitation rates (0.49, 0.38) during the period of the study (2006, 2008). However, 21.2%-64.4% of all landings were reproductively immature. Spearfishing appeared to contribute most to fishing mortality relative to the use of lobster traps or hydraulic reels along bank drop-offs. Conclusion. In comparison with available fisheries data for the wider Caribbean, the results reveal the TCI as one of the remaining sites, in addition to the Bahamas, with a substantial Nassau grouper stock. In light of increasing development and tourism in the TCI, continued monitoring is essential to maintain sustainable harvesting practices.

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The ocean moderates anthropogenic climate change at the cost of profound alterations of its physics, chemistry, ecology, and services. Here, we evaluate and compare the risks of impacts on marine and coastal ecosystems and the goods and services they provide for growing cumulative carbon emissions under two contrasting emissions scenarios. The current emissions trajectory would rapidly and significantly alter many ecosystems and the associated services on which humans heavily depend. A reduced emissions scenario consistent with the Copenhagen Accord’s goal of a global temperature increase of less than 2°C—is much more favorable to the ocean but still substantially alters important marine ecosystems and associated goods and services. The management options to address ocean impacts narrow as the ocean warms and acidifies. Consequently, any new climate regime that fails to minimize ocean impacts would be incomplete and inadequate.

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Se presenta un índice nomenclatural  de los artículos publicados en la Sección de Nomenclatura Fitosociológica desde 1989 hasta 1997. Se adjunta una relación completa de los sintaxones citados en la misma, con la referencia de la página de la revista en que se han tratado; la relación incluye autoría de los nombres, situación nomenclatural, artículos del CPN aplicados e indicación de las referencias bibliográficas de la diagnosis original o de las informaciones sobre tipoficación aportadas.

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Se da a conocer la relación completa de los nuevos nombres de táxones fúngicos propuestos por L.M. Unamuno (1879-1943). En total se citan 267 táxones, que incluyen un género, 225 especies (9 de ellas con nombres inválidos), 22 variedades y 19 formas (2 de ellas con nombre inválido o ilegitimo). Para cada taxon se refieren la diagnosis original, la fecha de distribución de la misma y su indicación locotípica. Además, se incluye una lista completa de las publicaciones de Unamuno.

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El presente estudio tiene el objetivo de ofrecer una visión general sobre los Modelos de Desarrollo y Organización Territorial desde la perspectiva de las relaciones entre el medio urbano, “rururbano” y rural, en España. Para ello, tras conocer y valorar los enfoque conceptuales y temáticos, se estudia el crecimiento urbano en nuestro país en las últimas décadas, analizando de manera pormenorizada la importancia que ha cobrado y cobra la aplicación legislativa de leyes, planes y normas, tanto en el propio crecimiento urbano como en la demanda de viviendas en las ciudades españolas y, de igual modo, la vinculación de ambas con el precio de las viviendas, relacionándolo con la problemática de la “rururbanización”, y del medio rural.

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Abstract Limited liability is widely believed to be a prerequisite for the emergence of an active and liquid securities market because the transactions costs associated with trading ownership of unlimited liability firms are viewed as prohibitive. In this article, we examine the trading of shares in an Irish bank, which limited its liability in 1883. Using this bank’s archives, we assemble a time series of trading data, which we test for structural breaks. Our results suggest that the move to limited liability had a negligible impact upon the trading of this bank’s shares.